Juan is 60 years old, married, and lives in Ita. Juan and his wife, Nymia, have two grown children who live in a neighborhood located near the center of town where Juan has a tailor shop. He manufactures clothes and bags for individuals and companies well known in the capital.
Juan has worked at his tailor shop for over 20 years, during which time he has provided for his family.
Juan will use this loan to buy fabric, thread and buttons, to meet the high demand there is for clothing for the holidays.
This purchase will result in greater sales and therefore higher profits.
About Fundación Paraguaya
Fundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.